It's only been about a month since Cameron International (NYSE:CAM) posted a generally solid set of quarterly results, but the company has kept busy in the meantime. A new alliance between the Cameron-Schlumberger (NYSE:SLB) OneSubsea joint venture and Helix Energy Solutions (NYSE:HLX) looks like a good long-term opportunity, while the sale of the centrifugal compression business to Ingersoll Rand (NYSE:IR)
largely completes the company's restructuring efforts and should allow a
near-total focus on operations, not to mention bringing in capital for
more buybacks. I don't think Cameron is cheap today, but I do like these
steps forward and believe the company is well-placed to take advantage
of a long offshore cycle.
Continue reading here:
2 More Positive Steps For Cameron International
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